Marissa Mayer could walk away from Yahoo with $122 million, an astonishing reward for failure, her critics will allege. According to Fortune magazine, Ms Mayer is entitled to a $55 million golden parachute if the new owners… Last week Yahoo was sold to Verizon for $4.8 billion, a fraction of the value at its peak. While she would never have to work again, analysts say she is unlikely to land another top job. She could become the latest victim of the “glass cliff” phenomenon, which punishes female executives deemed to have failed in circumstances when men would get another chance.

Source: The Times July 31, 2016 23:08 UTC